The quotes of the USD/JPY currency pair continue to move as part of the development of growth and a bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 155.17. Moving averages indicate a short-term bullish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the US Dollar and a potential continuation of price growth from current levels. As part of the forecast for the Japanese Yen rate on May 3, 2024, we should expect an attempt to develop price…
Author: forex24pro
forex24pro
I trade in the foreign exchange market, and also invest in cryptocurrencies. I am 35 years old. Trade experience is 12 years. In trade, I use several unique trading systems, as well as simple tools for technical analysis. I plan to write my own book on trading.
Brent oil quotes continue to move as part of the decline and have left the bullish channel. At the time of publication of the forecast, the price of Brent oil is $84.20 per barrel. Moving averages indicate a short-term bullish trend for oil. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of Black Gold and a potential continuation of the fall in the value of the asset from current levels. At the moment, we should expect an attempt to develop a bullish correction and a test of the resistance level near the…
The currency pair USD/CAD continues to move as part of the development of growth and a bullish channel. At the time of publication of the forecast, the US Dollar to Canadian Dollar exchange rate is 1.3720. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers and the potential continued growth of the price pair in the near future. At the moment, it is worth considering an attempt to develop price growth and test the resistance level near the 1.3840 area. Next, a rebound…
The quotes of XAU/USD continue to move as part of the development of the correction and bullish channel. At the time of publication of the forecast, the price of Gold is 2296 Dollars per Troy Ounce. Moving averages indicate a short-term bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and potential continued growth from current levels. At the moment, we can expect an attempt to develop a bearish correction and a test of the support level near the 2265 area. From where we can expect a rebound upward…
The quotes of XAG/USD continue to move as part of the development of the fall and the formation of the “Wedge” reversal pattern. At the time of publication of the forecast, prices for Silver are 26.19. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers and a potential continuation of price growth from current levels. At the moment, we should expect an attempt to develop a decline in the price of the metal and a test of the support level near the 25.75 area. Where can we expect…
The quotes of the currency pair NZD/USD continue to move as part of the development of a bullish correction and a downward channel. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the currency pair and a potential continuation of the fall in the value of the instrument from current levels. At the time of publication of the Forex forecast, the exchange rate of the New Zealand Dollar to the US Dollar is 0.5923. At the moment, we should expect an attempt…
The USD/CHF currency pair continues to move within the fall and bullish channel. There is still potential for the formation of a Head and Shoulders reversal pattern. At the time of publication of the Forex forecast, the US Dollar to Swiss Franc rate is 0.9116. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset from current levels. At the moment, we should expect an attempt to develop a rise in…
BTC/USD quotes are trading at 57712 and continue to move downward. Moving averages indicate a short-term bearish trend for Bitcoin. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of Digital Gold and a potential continuation of the fall in the value of the asset from current levels. As part of the forecast for the cryptocurrency rate for tomorrow, May 3, 2024, we should expect an attempt to develop a fall in the value of the digital asset and a test of the support level near the 54605 area. From where we should…
ETH/USD are trading at 2945 and continue to move as part of the development of the fall and the formation of the bullish Wolfe Wave pattern. Moving averages indicate a short-term bearish trend for Ether. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers and a potential continuation of the fall in the value of the asset from current levels. At the moment, we can expect an attempt to develop a decline in the value of the coin and a test of the support level near the 2495 area. From where we can…
The Euro/Dollar currency pair EUR/USD continues to move as part of the development of growth and a bearish channel. Moving averages indicate a short-term bullish trend for the pair. Prices have broken through the area between the signal lines upward, which indicates pressure from buyers of the European currency and a potential continuation of growth in quotes of the asset pair from current levels. At the time of publication of the forecast, the Euro to US Dollar exchange rate is 1.0714. As part of the Forex forecast for April 30, 2024, we should expect an attempt to develop a bearish…